How much does a United Water Restoration Group franchise cost?
- Initial Franchise Fee: $49,000
- Total Investment: $156,854 to $508,254
- Working Capital: $15,000 to $80,000
- Royalty Fee: 6.0%
How much does a United Water Restoration Group franchise cost?
How many franchise locations do they have?
When did they begin franchising?
Is 1800 water damage a good franchise?
A proven business model with multiple revenue streams and large, protected territories, make owning a 1-800 WATER DAMAGE franchise a best-bet. Since we started franchising in 2002, 1-800 WATER DAMAGE has been one of the nation's preeminent brands in the $210 billion restoration industry – and for good reason.
Are restoration companies profitable?
There is tremendous profit potential in the restoration industry. Restoration companies built to handle high volumes of work can enjoy profit margins in the range of 40-75% or more. But, this business is also capital intensive –requiring a healthy investment in equipment and labor.
Who is the largest restoration company?
Belfor Restoration Belfor is the largest restoration company in the world with more than 7000+ employees. There are more than 100 Belfor locations in the country, and they also operate an extensive fleet of cleanup and repair vehicles.
How much does a restoration franchise cost?
The franchise fee for your first territory is $54,900 and unlike our competition, we have prime territories available. The total investment estimate to begin operations on a new restoration franchise ranges from $84,500 to $193,125.
Are water restoration companies profitable?
Water restoration business is profitable For major restoration work, such as a rebuild, they charge $10,000 (on average) and the profit margin can be as high as 50%. If you dig deeper into the figures, you will only need about 300 mitigation projects (small jobs) in a year to earn a $750,000 revenue.
How do I start a successful restoration business?
7 Must-Do Tips for Starting a Water Restoration BusinessDevelop a solid business plan. ... Choose a name for your restoration business. ... Scope out your competition and target market. ... Research info on small business taxes. ... Seek advice for legal obligations. ... Invest in equipment you need. ... Connect with a business mentor.
How big is the restoration industry?
$210 billionThe American restoration industry has grown to an astonishing $210 billion annual market and due to several factors, including aging American homes and infrastructure, the worsening severity of storms, the influx of wildfires and frequent flooding.
Is restoration 1 a franchise?
WE HAVE A PROVEN FRANCHISE MODEL BACKED BY DECADES OF EXPERIENCE. Life's too short to build someone else's business. Start building YOUR future with help from the fastest-growing restoration franchise in the $210 billion recession-resistant restoration industry.
Who is the owner of restoration 1?
Restoration 1 franchise owner David Hofstetter has learned how to read his customers, and how to immediately see their concerns and offer solutions. His success in that regard recently got him and his home restoration franchise written up in the local paper, and it's why he is building a successful business.
What is the cheapest most profitable franchise to own?
What are the cheapest franchises to buy?Cruise Planners. Franchise fee: $10,995. ... Jazzercise. Franchise fee: $1,250. ... Help-U-Sell Real Estate. Franchise fee: $15,000. ... United Country Real Estate. Franchise fee: $8,000 to $20,000. ... Stratus Building Solutions. ... Anago Cleaning Systems. ... JAN-PRO. ... Dream Vacations.
Can a franchise make you rich?
The bottom line is that while a franchise can make you independently wealthy, it isn't a guarantee. Choosing the right business in the right industry, and going in with preexisting entrepreneurial experience and/or existing wealth can help, but your income-generating potential may still be somewhat limited.
What franchise is the most profitable to own?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
How big is the restoration industry?
$210 billionThe American restoration industry has grown to an astonishing $210 billion annual market and due to several factors, including aging American homes and infrastructure, the worsening severity of storms, the influx of wildfires and frequent flooding.
How do you value a restoration company?
Determining a reasonable value for your restoration business is not hard to do. Simply take the 3-year average of your net profit and add back seller's discretionary expenses such as salary, benefits, auto allowance, etc., and you are just about there.
How do I sell my restoration service?
How to Market a Restoration Service#1: Develop a solid website. ... #2: Have a unique value proposition. ... #3: Manage your reputation. ... #4: Master search marketing. ... Pro tip: Plan for weather events. ... #5: Create partnerships and referral programs. ... #6: Create a video. ... #7: Create a Facebook Business Page.More items...•
What is the cost of restoration?
Restoration Cost means (a) the aggregate cost required to Repair a Casualty Loss and (b) the replacement cost of the Company Asset subject to the Takings Loss.
Restoration 1
Restoration 1 offers a variety of services such as water recovery, fire recovery, general maintenance, mold removal, drying, dehumidification, fire and smoke damage repair, storm recovery services, and general maintenance and cleaning services for home and business owners.
Duraclean
DuraClean is a specialist in fabrics, professional care and cleaning of carpets and upholstery, and cleaning and restoration, service business for professional care and cleaning of carpets and upholstery, tiles and mortar, cleaning channels and repairing water damage, as in residential, and in commercial service centers.
Coit Cleaning & Restoration Services (COIT)
COIT draws on its 70 years of experience in specialized cleaning and restorations and a strong franchise system that includes a well-recognized brand image, compelling marketing campaigns, a steady stream of income, and an outstanding support system.
How much is the restoration industry worth in 2021?
The industry is now worth $4 billion in the US and is expected to grow by 3.2% in 2021. The COVID pandemic initially caused alarm in the restoration industry, as jobs were cancelled by clients. But restoration work was still needed, ensuring the industry’s survival.
When will restoration services be updated?
This annual list of the best restoration services franchises was revised and updated on February 17, 2021. Severe weather events are on the rise. Hurricanes, superstorms, floods, wildfires, and tornadoes all affect American homeowners and business premises, as do more mundane disasters and deterioration over time.
What is restoration service?
Restoration services companies deal with a wide range of problems, including water damage, fire damage, smoke damage, mold remediation, regular carpet and upholstery cleaning, HVAC and air duct cleaning. While these companies are sometimes called on to sweep in after a dramatic disaster, they also have the day-to-day work of restoring rundown homes and other premises to keep them in business.
Why is 911 Restoration called the Fresh Start Company?
911 Restoration calls itself “the fresh start company” because that’s what people need when disaster strikes their home or business. Being sensitive to the human emotional aspect of disasters has been an important focal point of this company from the beginning.
Who owns ServiceMaster Clean?
ServiceMaster Clean/ServiceMaster Restore is part of the ServiceMaster family of brands, including Terminix, Merry Maids, AmeriSpec Inspection Services, Furniture Medic, and American Home Shield. Founded in 1929 by minor league baseball player Marion E. Wade in Chicago, incorporated in 1947, and franchising since 1952, the number of locations has held relatively steady in recent years and currently stands at 4,937 (up from the previously reported total of 4,929), of which nine are company-owned and 1,815 are located outside the US.
Is Rainbow International a certified company?
The chain is IICRC-certified in water damage restoration. Rainbow International is a Neighborly company, a collection of 21 different home service brands that collectively provide every service a homeowner could ever need.
Do franchisees have to attend training?
All franchisees are required to attend special trainings through the IICRC.
What is the fastest growing restoration franchise?
Fast-growing restoration franchise has prime territory available across the United States. Restoration 1 franchise is one of the fastest-growing restoration franchises in the nation. With hundreds of locations open or in development, Restoration 1 is poised to become the leading brand in the $210 billion restoration services industry.
When was Restoration 1 founded?
Founded in 2008, Restoration 1 is led by a passionate executive team with decades of experience in growing franchise systems and helping entrepreneurs live their dreams of owning a successful business. The industry is taking note. In 2018, Entrepreneur magazine ranked Restoration 1 on their prestigious annual Franchise 500 list ...
Is Restoration 1 prime territory?
Large, prime territories available: Unlike other brands in the restoration industry, who are either sold out of territory or are close to being sold out, Restoration 1 has prime territory available.
How much does a United Water Restoration Group franchise cost?
United Water Restoration Group has a franchise fee of up to $49,000, with a total initial investment range of $156,854 to $508,254.
How many franchise locations do they have?
As of the 2020 Franchise Disclosure Document, there are 17 franchised United Water Restoration Group locations in the USA.
When did they begin franchising?
They began franchising in 2015. The average Restoration franchise began franchising in 2006.